Viewpoint Capital Management LLC Acquires 111 Shares of Procter & Gamble Company (The) (NYSE:PG)

Viewpoint Capital Management LLC increased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 20,928 shares of the company’s stock after acquiring an additional 111 shares during the period. Procter & Gamble comprises 1.9% of Viewpoint Capital Management LLC’s portfolio, making the stock its 14th biggest position. Viewpoint Capital Management LLC’s holdings in Procter & Gamble were worth $3,567,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. REDW Wealth LLC grew its stake in Procter & Gamble by 11.0% during the 1st quarter. REDW Wealth LLC now owns 2,431 shares of the company’s stock worth $414,000 after buying an additional 241 shares during the last quarter. Whelan Financial increased its position in Procter & Gamble by 2.9% during the 1st quarter. Whelan Financial now owns 3,096 shares of the company’s stock valued at $528,000 after buying an additional 87 shares in the last quarter. Novare Capital Management LLC increased its holdings in shares of Procter & Gamble by 7.5% in the first quarter. Novare Capital Management LLC now owns 10,057 shares of the company’s stock valued at $1,714,000 after purchasing an additional 705 shares during the period. Adell Harriman & Carpenter Inc. increased its holdings in shares of Procter & Gamble by 2.5% in the first quarter. Adell Harriman & Carpenter Inc. now owns 16,601 shares of the company’s stock valued at $2,829,000 after purchasing an additional 402 shares during the period. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of Procter & Gamble by 26.4% in the first quarter. Concurrent Investment Advisors LLC now owns 120,002 shares of the company’s stock valued at $20,451,000 after purchasing an additional 25,059 shares during the period. 65.77% of the stock is owned by institutional investors.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider owned 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer owned 51,965 shares in the company, valued at $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Erste Group Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the stock an “overweight” rating in a research report on Friday, April 25th. Bank of America lowered their price target on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Finally, Citigroup reduced their target price on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating for the company in a report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.45.

Procter & Gamble Stock Down 0.3%

Shares of Procter & Gamble stock opened at $160.72 on Friday. The business has a 50-day moving average of $162.10 and a 200-day moving average of $165.28. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. The company has a market capitalization of $376.82 billion, a PE ratio of 25.51, a P/E/G ratio of 4.58 and a beta of 0.40. Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The business had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same period last year, the firm earned $1.52 earnings per share. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, equities analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a dividend of $1.0568 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.63%. Procter & Gamble’s payout ratio is presently 67.14%.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.